Friendly's Sues To Wipe $9.3M In Pre-Bankruptcy Debt

Law360, New York (September 30, 2013, 1:41 PM EDT) -- The liquidating trustee for Friendly Ice Cream Corp.'s bankruptcy launched a litany of adversary complaints Friday in an attempt to avoid more than $9.3 million in debt the restaurant chain owner racked up in the months leading up to its insolvency. 

SltnTrst LLC, or Solution Trust, filed the complaints within the company's Chapter 11 filing in Delaware federal court, seeking to either avoid paying debt or recover payments made to 78 separate entities in the “preference period” of 90 days before Friendly's October 2011 bankruptcy filing....
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